The XtraCredit Bar Study Loan program provides access to a one-time loan designed specifically for students who are preparing for the Bar Exam. 

Students may borrow up to $15,000 to cover expenses related to preparing for the Bar Exam.  To be eligible for this loan, the creditworthy borrower must have previous loans with Edamerica.  Borrowers who cannot qualify for the loan based on their own credit status may apply with a creditworthy co-borrower.  The XtraCredit Bar Study Loan interest rate is based on LIBOR as well as a review of the borrower’s and, if applicable, co-borrower’s credit.  Origination fees vary based upon credit review.

Repayment of the XtraCredit Bar Study Loan may be deferred for up to nine months immediately following disbursement.  Payments of both principal and interest are deferred during this time.  The loan enters repayment at the end of nine months; any accrued and unpaid interest is capitalized when entering repayment.

Additional Information about the XtraCredit Bar Study Loan:

• Borrower must be a U.S. citizen or permanent resident
• Borrower must be enrolled at or have graduated from an eligible school
• Borrower is eligible to apply for the loan up to 90 days past his or her graduation date from the eligible school
• Loan proceeds are for expenses related to studying for the Bar Exam; proof of preparation course cost is required
• Enrollment documentation for preparation course must be provided prior to loan disbursement
• This loan is a single disbursement loan with funds sent directly to the borrower
• Minimum loan amount is $500
• Borrower may cancel the loan by returning the loan funds within seven days of the date of the Truth-in-Lending disclosure

To apply for the Edamerica XtraCredit Bar Study Loan, click here.

The link above will open a PDF form that must be printed, filled out completely with your information, and returned to us by mail or fax for evaluation.  Once the information is evaluated, eligible applicants will receive a loan application and credit agreement by mail, and ineligible applicants will receive a letter explaining the reason(s) for ineligibility.

If you have questions about the XtraCredit Bar Study Loan, please call us at 1-800-337-1009, or use our Edlive feature to chat online with a friendly, helpful representative.